Are you kidding? What job skills did this guy have that would let him pay back $50,000 he was wasting on expensive cars? And then over a million on that, strippers, and cocaine? The guy had no plan, no responsibility in amount borrowed, wasn't seeking jobs, and ran it up to around what many make in a lifetime.

It's definitely fraud by any reasonable definition. Fortunately for him, the definition was unreasonably good to him. However, I'd understand the court giving him a lower sentence on grounds of him appearing (to me at least) to have a mental breakdown of sorts after his accident plus the bank showing incredible negligence in their lending practices. The bank just handing him that much money was so stupid they should probably be fined for it on top of his punishment. If it was straight-up their money, then making sure they loose it for good might be good punishment.